NEXPF - Nexi S.p.A. (NEXPF) Q4 2023 Earnings Call Transcript
2024-03-07 14:42:03 ET
Nexi S.p.A. (NEXPF)
Q4 2023 Results Conference Call
March 07, 2024 2:00 AM ET
Company Participants
Paolo Bertoluzzo - CEO, GM & Director
Bernardo Mingrone - Chief Financial Officer
Conference Call Participants
James Goodman - Barclays
Josh Levin - Autonomous Research
Sebastien Sztabowicz - Kepler Cheuvreux
Gianmarco Bonacina - Equita
Hannes Leitner - Jefferies
Deepshikha Agarwal - Goldman Sachs
Aditya Buddhavarapu - Bank of America
Presentation
Operator
Good morning. This is the Chorus Call conference operator. Welcome and thank you for joining the Nexi Full Year 2023 Financial Results Conference Call. [Operator Instructions]
At this time, I would like to turn the conference over to Mr. Paolo Bertoluzzo, Chief Executive Officer of Nexi. Please go ahead, sir.
Paolo Bertoluzzo
Thank you and good morning to everyone. Welcome to our call for full year results for 2023. As usual, I'm here with Bernardo Mingrone, our CFO and Deputy General Manager; Ms. Stefania Mantegazza, who leads our Investor Relations activities and a few other colleagues that may help in case we need for your questions. I will start with the key messages and commenting as usual volumes and our progress in Merchant Services. I will then hand over to Bernardo, that will take us through the financial results and then I will close with the new year guidance and the outlook for the medium-term.
Let me jump to Page 3 that summarizes the key messages of today. 3 key messages. First of all, in the quarter, the last quarter of last year, we have seen continued volume growth in all geographies. While Italy and the Nordics have been trailing at around mid-single-digit year-on-year growth, we do continue to see strong double-digit growth in the DACH region in the quarter as well. The beginning of the year has been more or less in line with the end of last year, with growth across all geographies in January and in February so far despite the macro weakness that we see around us.
Second key message, we have seen in the year and also in the quarter continued top line growth, very strong margin expansion and cash generation. Revenue growth for the year has been at around 7% with Merchant Solutions growing closer to 8% and with Germany and eCommerce growing in the year double digit. On EBITDA, we've seen a growth of about 10% versus last year with almost 150 basis points of EBITDA margin expansion, despite the inflationary pressure that we have seen on the cost base....
Nexi S.p.A. (NEXPF) Q4 2023 Earnings Call Transcript